Trust Digest 164 (November 7, 2016)
When it comes to trusting politicians, don’t go with your gut
In 2015, Pew found that Americans’ trust in our government is dismally low, with only 19 percent of respondents saying they trust our leaders all or most of the time. A year later, it’s hard to imagine things are looking much better. With less than a week to go to before Election Day and dirt on the candidates piling up at lightning speed, whom should voters trust, and how can we reverse such widespread cynicism?
Key Words: U.S. presidential election, trusting politicians
Trust Issues: Alignment of Interests, Capability, Risk Tolerance
FBI clears Clinton -- again
FBI Director James Comey told lawmakers Sunday the agency hasn't changed its opinion that Hillary Clinton should not face criminal charges after a review of new emails.
Key Words: FBI Director James Comey, Hillary Clinton
Trust Issues: Capability, Communications
Ahead of Brexit, some banks quietly shift M&A bankers to Frankfurt
Global banks are quietly building up their investment banking teams in Frankfurt as the German deals market hots up, boosting the city’s chances of being one of the financial centers to benefit most from Britain’s vote to leave the European Union.
Key Words: Brexit, Frankfurt, global banks
Trust Issues: Transparency, Adjustment, Capability
Israel says ‘no’ to Middle East peace conference in Paris
Israel on Monday formally rejected France’s invitation to take part in a Middle East peace conference in Paris later this year, saying it was a distraction from the goal of direct negotiations with the Palestinians.
Key Words: Israel, Middle East, peace conference
Trust Issues: Conflict of Interests, Adjustment
China Ousts Finance Minister Lou Jiwei as Xi Jinping Turns to Allies in Surprise Reshuffle
China unexpectedly removed Lou Jiwei, its highest-profile finance minister in years, in a reshuffle of top government posts ahead of a Communist Party Congress late next year.
Key Words: China, finance minister
Trust Issues: Adjustment, Capability
Swedish prosecutor says Assange interview set for November 14
Julian Assange will be interviewed at Ecuador’s London embassy on Nov. 14, Swedish prosecutors said on Monday, in a move that could end a long diplomatic deadlock that has seen the WikiLeaks founder holed up in the London residence since 2012.
Key Words: Julian Assange, Ecuador embassy
Trust Issues: Transparency, Honesty
Saudi oil shipments to Egypt halted indefinitely, Egyptian officials say
Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal have been halted indefinitely, suggesting a deepening rift between the Arab world’s richest country and its most populous.
Key Words: Saudi Arabia, Egypt, oil shipments
Trust Issues: Capability, Risk Tolerance, Situational Adjustment
Germany to Follow Up on Latest Volkswagen Emissions Findings
Germany’s transport ministry said it would follow up on any findings from regulators in California on software installed on some of Volkswagen AG’s Audi models though it has no fresh information from the U.S. authorities, a spokesman for the ministry said Monday.
Key Words: Germany, Volkswagen, emissions findings
Trust Issues: Risk Tolerance, Transparency
U.S. Cuts North Korea Off From Banking System
The U.S. Treasury Department said it issued a final rule that prohibits U.S. financial institutions from opening or maintaining correspondent accounts for North Korean banks, and it tells them to apply additional due diligence measures to prevent North Korean money from gaining improper access to the U.S. financial system.
Key Words: U.S., North Korea, banking system
Trust Issues: Transparency, Adjustment